---
schema_version: "secwatch.filing_event.v1"
accession: "0001857853-23-000045"
form_type: "8-K"
ticker: "COOK"
cik: "0001857853"
company_name: "Traeger, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:06:27.211471+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Traeger Q1 revenue down 31.5% to $153.2M; Adj EBITDA $21.9M beats $16-20M guide

## Summary
- Total revenues fell 31.5% YoY to $153.2M; grills revenue dropped 40.3% to $89.7M.
- Net income of $8.0M ($0.07/dil share) vs net loss of $9.0M a year ago; adjusted net income $5.5M ($0.04/dil share).
- Adjusted EBITDA of $21.9M exceeded guidance range of $16M-$20M; margin improved to 14.3% from 13.6%.
- Balance sheet inventory reduced 14% sequentially; management reiterates full-year 2023 outlook.
- Launched new Flatrock and Ironwood grills; cites retailer destocking and lower consumer demand as headwinds.

## SEC filing metadata
- accession: 0001857853-23-000045
- form_type: 8-K
- ticker: COOK
- cik: 0001857853
- company_name: Traeger, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857853/000185785323000045/0001857853-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857853/000185785323000045/tra-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001857853-23-000045
- JSON: https://secwatch.observer/filing/0001857853-23-000045.json
- Plain text: https://secwatch.observer/filing/0001857853-23-000045.txt

## Key facts
- Earnings Releases
  Traeger, Inc. reported the three months ended March 31, 2023 results: revenue $153.2 million, net income $8.0 million, EPS $0.07 per diluted share. Guidance reaffirmed.
  - Period: the three months ended March 31, 2023
  - Revenue: $153.2 million
  - Net income: $8.0 million
  - EPS: $0.07 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: of the wood pellet grill, today announced its financial results for the three months ended March 31, 2023. First Quarter FY 2 3 Results • Total revenues decreased 31.5% to $153.2 million • Gross profit margin of 36.2% down 80 basis points compared to prior year • Net income of $8.0 million; net income of $0.07 per share • Adjusted net income of $5.5 million;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857853/000185785323000045/0001857853-23-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.